Holy smoke in ITC, as Sensex logs biggest daily gain in 7 years; will the rally sustain?

THE ECONOMIC TIMES Tue, Mar 01, 2016 | 05:55 PM IST ET Market Watch Newsletter

Short covering or value buying? After 800-point jump, will this rally sustain? The market gave no room for traders to position themselves for such a big move. The benchmark indices broke above key resistance levels one after the other. FM puts ball in RBI court, interest rate cut coming anytime now: Dalal Street The move effectively put the ball in the Reserve Bank of India's court, as it will now pressure the central bank to cut interest rates sooner. Mapping the market: Holy smoke in ITC, as Sensex logs biggest daily gain in 7 years A spurt in the shares of FMCG major ITC alone contributed a quarter of Sensex rally on a day that made the domestic indices outshine all major global peers.

InterviewOne to One My three takeaways from yesterday's budget would be TVS Motors, Ashok Leyland and PI Industries... Saurabh Mukherjea , Ambit Capital

Market Watch 1 Mar | 05:55PM| SENSEX NIFTY USD/INR GOLD 23779.35 ↑777.35 7222.30 ↑235.25 67.86 ↓-0.56 29645.00 ↑132.00

Gainers Losers 1 Mar, 2016, 05:55PM IST, PTI|View All Company Name Live Price Change (%) Volume High Low Birla Cotsyn (India) Ltd. 0.05 25.00 955916 0.05 0.04 Nucleus Software Exports Ltd. 181.20 20.00 35555 181.20 151.00 Roto Pumps Ltd. 52.80 20.00 20487 52.80 44.10

FROM THE NEWSPAPER

February sees worst FPI flow into debt, equity in 15 Budget months Data showed that except in 2011, FIIs had a firm record of investing heavily into the domestic equity market and debt during Budget months. Dalal Street doesn't buy FM's deficit target, says ambition gone ahead of maths Kyran Curry of S&P believes there is a historical case for the govt to miss its revenue target. "We are quite cautious in forecasting revenue performance." To make most out of Budget, realign portfolio, take exposure to 5 sectors The immediate-term focus of the Budget seems to be to support long-term growth. Until that time the market is likely to dance on global cues. How Budget 2016 will impact your investments in stocks and mutual funds The Budget often impacts the bottom lines of industries and companies — and can make a difference to your investments. Budget 2016: 6 ways to pay less tax, legally HRA gives you a bigger break than a company flat? This is designed to help you understand the key tax proposals of the Budget and minimize the pinch.

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